Question

Which of the following will cause the supply curve to shift to the left?

Which of the following will cause the supply curve to shift to the left?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The supply curve shows the positive relationship between quantity supplied and price of a commodity. The shift in the supply curve occurs when supply changes due to factors other than the price of the good. Factors can be the cost of production, technological change and number of sellers in the market. The causes for the left shift of the supply curve; increase in the cost of production, technological disadvantage or economic shocks and a decrease in a number of sellers in the market.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following would cause the aggregate demand curve to shift to the left? Group...
Which of the following would cause the aggregate demand curve to shift to the left? Group of answer choices an advance in technology a reduction in government funding for education an increase in energy prices (oil, natural gas, etc.) an increase in the money supply
Which of the following would cause the AD curve to shift to the left? An increase...
Which of the following would cause the AD curve to shift to the left? An increase in tax rates An increase in military purchases An increase in unemployment compensation A decrease in sales taxes A decrease in potential GDP Which of the following would cause the AD curve to shift to the right? An increase in sales taxes An increase in potential GDP A decrease in unemployment compensation An increase in social security payments A decrease in military purchases
Which of the following would result in a leftward shift in the supply curve for good...
Which of the following would result in a leftward shift in the supply curve for good X can be         attributed to        a. an increase in the price of an input used in the production of the good X.        b. an increase the price of a substitute good in production.        c. an increase in the price of good X.        d. an increase in the price of a complementary good in production.        e. more than one of these choices Which of the...
Which of the following will cause the aggregate demand curve to shift to the left? A....
Which of the following will cause the aggregate demand curve to shift to the left? A.   A decrease in consumer and business confidence because of a terrorist attack. B. A decrease in the interest rate. C. A decrease in business taxes. D. An improvement in technology.
Which of the following would cause a shift to the left of the demand curve for...
Which of the following would cause a shift to the left of the demand curve for glow-in-the-dark clothing in Antarctica? A. penguins go extinct B. the price of normal clothing increases C. summer begins D. the population of Antarctica increases
Which of the following would shift the long run aggregate supply curve to the left? Decrease...
Which of the following would shift the long run aggregate supply curve to the left? Decrease in consumption Decrease in the wage rate Decrease in resources Decrease in profit. All of the following would cause a decrease in the aggregate demand except Increase in interest rates Household wealth falls Dollar depreciates relative to foreign currencies Increase in tax rates.   
If the supply curve and the demand curve both shift to the left , then the...
If the supply curve and the demand curve both shift to the left , then the new equilibrium
Which of the following may shift the supply curve to the left? more firms entering the...
Which of the following may shift the supply curve to the left? more firms entering the market Income of consumers cost of labor in a foreign country where a product is manufactured none of the above Economic surplus is demand price less equilibrium price supply price above market price consumer's surplus plus producer's surplus none of the above
Discuss the three ranges of the aggregate supply (AS) curve. What could cause the AS curve...
Discuss the three ranges of the aggregate supply (AS) curve. What could cause the AS curve to shift to the left? What impact would a leftward shift of the AS curve have on the economy?
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) Investment decreases. (c) Imports decrease and exports increase. (d) The price level decreases. (e) Consumption increases. (f) Government purchases decrease. Describe whether the following changes cause the long-run aggregate supply curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) The stock of capital in the economy increases. (c)...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT